In 2023, the global air conditioner export market reached a total value of $61.5 billion. This represented a 24% growth compared to 2019, when the market was valued at $49.6 billion. From 2022 to 2023, the value of air conditioner exports saw a minimal increase of 0.6%, rising from $61.1 billion.

The top five exporters of air conditioners were mainland China, Mexico, Thailand, the United States, and Italy. Together, these nations accounted for 65.3% of the world's air conditioner exports in 2023, indicating a high level of concentration among the major suppliers.

By continent, Asia led the global market, exporting $34.3 billion worth of air conditioners, or 55.8% of the total market share. Europe followed with 25.4%, while North America accounted for 18%. Smaller contributions came from Latin America (0.4%), Africa (0.3%), and Oceania (0.1%), including Australia and New Zealand.

For research purposes, air conditioners are classified under the Harmonized Tariff System code 8415.

Leading Air Conditioner Exporters in 2023

Here are the top 15 countries by export value for air conditioners in 2023:

· Mainland China: $21.5 billion (35.0%)

· Mexico: $6.8 billion (11%)

· Thailand: $6.4 billion (10.4%)

· United States: $3 billion (4.9%)

· Italy: $2.4 billion (3.9%)

· Germany: $2.08 billion (3.4%)

· Czech Republic: $2.06 billion (3.4%)

· South Korea: $1.36 billion (2.2%)

· Netherlands: $1.31 billion (2.1%)

· Malaysia: $1.28 billion (2.1%)

· Belgium: $1.25 billion (2%)

· Canada: $1.24 billion (2%)

· Japan: $1.1 billion (1.7%)

· Spain: $974.3 million (1.6%)

· Turkey: $910.6 million (1.5%)

These 15 countries collectively accounted for 87.3% of the world’s air conditioner exports in 2023.

Among the top exporters, the fastest-growing countries in air conditioner exports from 2022 to 2023 were Canada (+43.4%), Italy (+18.2%), Mexico (+11.3%), and the Czech Republic (+11.2%). However, some nations saw a decrease in exports, including Malaysia (-20.4%), Japan (-10%), Thailand (-7.8%), South Korea (-4%), and mainland China (-1%).

Top Air Conditioner Companies in 2023

According to Tendata, these were the top companies in the air conditioner export market in 2023:

1. GAOQI ELECTRONICS VIETNAM CO., LTD: 13.25%, $439.18 million

2. ARMSTRONG WESTON VIETNAM CO., LTD: 12.31%, $408.25 million

3. MEIJITSU VIETNAM CO., LTD: 11.69%, $387.47 million

4. KANSAI FELT VIETNAM CO., LTD: 5.8%, $192.38 million

5. DAI DUONG HAI PHONG ELECTRONICS CO., LTD: 5.26%, $174.34 million

6. HOP THIEN ELECTROMECHANICAL CONSTRUCTION CO., LTD: 4.9%, $162.49 million

7. ABEISM VIETNAM CO., LTD: 4.75%, $157.47 million

8. OAO TVZ: 3.81%, $126.26 million

9. CHUBUTSU VIETNAM CO., LTD: 3.56%, $117.9 million

10. TDI ELECTRONICS VIETNAM CO., LTD: 2.89%, $95.73 million

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